0 £0.00
This item was added to your basket

Dear visitor,
You are viewing 1 of your 2 free articles

We’ve made wider, important changes to our print and online content to enhance the value of exclusive, insightful, discerning content we create every day. Support valuable editorial content by becoming a member of our Credit Club - register for free or choose a paid plan.

Register now or Login

Funding Circle eyes autumn flotation, report claims

UK peer-to-peer lender Funding Circle is set to hire investment advisers as part of preparations to float on the London Stock Exchange, according to Sky News.


Marcel   LeGouais

Share on LinkedInShare on Twitter
Marcel   LeGouais
Share on LinkedInShare on Twitter

It is believed advisers will be chosen to lead the process towards the end of the first quarter next year, with a flotation potentially taking place by late autumn. It was reported that a syndicate of investment banks is expected to be hired by the spring.


Citing unnamed sources, Sky also claimed Funding Circle is likely to exceed the $1bn ‎valuation it reached when the company raised £82m of new funding in January 2017.


Led by Accel, which funds large technology companies, the funding round drew participation from existing Funding Circle investors including Baillie Gifford, DST Global, Index Ventures, Ribbit Capital, Rocket Internet, Sands Capital Ventures, Temasek and Union Square Ventures.


Funding Circle told Credit Strategy it was issuing no response to the Sky report.


One of peer-to-peer lending’s success stories, Funding Circle announced last month that investors have lent more than $5bn globally to small businesses through its platform. This has supported a network of 40,000 businesses across the UK, USA, Germany and the Netherlands.


Commenting in December on the lending milestone, Samir Desai, chief executive and co-founder of the business, said the milestone “makes Funding Circle the world’s largest small business lending platform by loans outstanding and new monthly originations.”



FCA issues affordability warning to high-cost short-term lenders

FCA issues affordability warning to high-cost short-term lenders

Credit Strategy launches Credit Week 2019

Credit Strategy launches Credit Week 2019

Lending Summit Exhibitor Manual

Credit Strategy
LinkedIn page

Did you find our website useful?

Thank you for your input

Thank you for your feedback

creditstrategy.co.uk – an online news and information service for the UK’s commercial and consumer credit industry. creditstrategy.co.uk is published by Shard Financial Media Limited, registered in England & Wales as 5481132, Axe & Bottle Court, 70 Newcomen St, London, SE1 1YT. All rights reserved. Credit Strategy is committed to diversity in the workplace.
@ Copyright Shard Media Group